Hey, Saras

[Colonâ„¢]

I don't really understand what you mean. Spending more than producing in essence means there's a trade balance deficit (as the shortfall is imported) but it's not the first year the US has one. What has (uniquely?) been negative in the 2nd and 3rd quarter of 2005 is aggregate net saving, where the surplus of net saving in the corporate sector failed to make up for the deficits in the households en gov't sectors.

[Colonâ„¢]

Originally posted by Saras
So, you want an account agreement?

Just spill the beans and tell us which Latvian stocks are going to be killer in 2006.

[Serb]

Originally posted by chegitz guevara


Actually, it's everything: government, business, and consumer consumption exceeded our total production for the first time in our history. We've never done that before. Yes, our government has spent more than it takes in for quite some time, and our consumers have been spending more than they make, but business was always profitable enough to still put us in the positive.

Well, welcome to hell US of A.
As Lenin always said (according to DinoDoc) - death to bloodsucking parasites!

[Sava]

Originally posted by Serb


death to bloodsucking parasites!

[JohnT]

But...

Wasn't Lenin a bloodsucking parasite?

[Fake Boris]

Chegitz: you might also want to consider the good old Canadian dollar for the sake of diversification. The price of natural ressources (not only energy, but also the others) is bound to rise, with China and all evolving towards evil consumerism.

[BeBMan]

I thought the revolution comes soon, and then we don't need no money anymore.

[Provost Harrison]

Originally posted by JohnT
But...

Wasn't Lenin a bloodsucking parasite?

Lenin was a lawyer, silly...oh wait

[Serb]

But he was.

[Serb]

Originally posted by JohnT
But...

Wasn't Lenin a bloodsucking parasite?

No, he was a mastermind.

[Spiffor]

Originally posted by Pekka
$300 every week sounds like a normal leftist left over.

Funny, it's pretty much my entire wage (300€ a week for a full time job).

But then again, I'm not a lefty, duh.

[chequita guevara]

Originally posted by Colon
I don't really understand what you mean.

I miswrote, dangit.

"In 2005 for the first time on record consumer, business, and government spending exceeded the total income of the country. Net national savings actually fell.

America can consume more than it produces only if foreigners supply the difference. China recently announced that it intends to diversify its foreign exchange holdings away from the US dollar. If this is not merely a threat in order to extort even more concessions from Bush, Americans' ability to consume will be brought up short by a fall in the dollar's value as China ceases to be a sponge that is absorbing an excessive outpouring of dollars. Oil producing countries might follow China's lead." -- Paul Craig Roberts (a libertarian)

[chequita guevara]

Originally posted by Spiffor
Funny, it's pretty much my entire wage (300€ a week for a full time job).

It's my wife's paycheck. We've always talked about saving money, but never have before. Wish we had, cuz it woulda really helped during the hard times, and maybe kept my credit rating to the point where we could be buying a place to live rather than renting.

[Lawrence of Arabia]

you guys are nuts to think that if you invest in a foreign country and the US economy collapses that you will be any better off than if you just had it in america. maybe marginally, but not siginifcantly.

[Myrddin]

The mechanics are also going to be more complicated than you realise:

Money laundering rules mean that European banks are unlikely to want non-resident customers

SEC regulations will make direct overeas investments difficult

US banks will probably offer Euro denominated accounts but with a large minimum deposit (and conversion fees would be expensive)